Capital gains tax

2013

• Company Buy-Back of Own Shares - Change in Legislation
• [21/05/2013] Following the Nuttall review, there have been changes to Companies act 2006 regarding company buy-back of own shares.
• General anti-abuse rule
• [09/05/2013] After much speculation a general anti-avoidance rule – the General Anti-Abuse Rule (GAAR) – has emerged within the Finance Bill 2013.
• General anti-abuse rule
• [09/05/2013] After much speculation a general anti-avoidance rule – the General Anti-Abuse Rule (GAAR) – has emerged within the Finance Bill 2013.
• HMRC Isle of Man Disclosure facility
• [22/04/2013] Details of the recently agreed Isle of Man disclosure facility.
• Alternative dispute resolution (ADR) becomes permanent
• [22/04/2013] |ACCA| HMRC Alternative dispute resolution services becomes permanent from 2013/14.
• Draft Finance Bill 2013 - At a glance
• [15/02/2013] A summary of the key parts of the Finance Bill 2013.
• Seed Enterprise Investment Scheme - Budget 2013 changes
• [21/03/2013] Several changes to the SEIS were announced in this year’s Budget.
• Capital Gaims Tax and Property - an overview of common pitfalls
• [11/03/2013] To co-incide with the launch of HMRC's property sales campaign, we take a look at capital gains tax and property.
• Changes to the taxation of UK property
• [08/03/2013] A round-up of recent changes to the taxation of UK property.
• Property Sales Campaign
• [07/03/2013] HMRC has launched a new campaign looking into the sale of property.
• New HMRC Campaign - Property Sales
• [18/03/2013] Details of new campaign to be launched in March.
• Special Relief - (The relief formerly known as Equitable Liability)
• [05/02/2013] Understand the concept of ‘special relief’, formerly known as ‘equitable liability’.
• Statutory residence test
• [04/02/2013] The government’s new statutory definition of tax residence explained.
• Shares of negligible value
• [24/01/2013] HMRC provides a list of shares or securities formerly quoted on the London Stock Exchange, which have been officially declared of negligible value for the purposes of a claim under S24(2) Taxation of Chargeable Gains Act 1992 by the Shares and Assets Valuation Office.

2012

• HMRC Pilot to Improve Post Response Times
• [23/08/2012] HMRCis piloting a "signpost" scheme in an attempt to improve response times for incoming mail.
• Reasonable Excuse - September 2012 Update
• [20/09/2012] An update on some recent reasonable excuse tribunal cases.
• An important tax case regarding penalties
• [20/09/2012] The First Tier Tribunal overturns a penalty for a "careless error" where the accountant was found to be to blame.
• Proposed changes to ESC A19
• [31/08/2012] Following a recent tribunal decision, HMRC has issued a consultation on the removal of taxpayer protection from ESC A19.
• HMRC’s tax return campaign
• [31/08/2012] There is just over a month to participate in HMRC's tax return campaign. Read more here.
• Private Residence Relief
• [31/08/2012] A look at the Private Residence Relief (PRR) exemption in light of some recent Tribunal decisions.
• Purchasing a company from an unconnected party
• [27/06/2012] A look at the comsiderations in buying a company from an unconnected party.
• Enterprise Investment Scheme - The Rules Condensed
• [03/04/2012] EIS is is an important investment incentive. The business rules are highlighted here while personal tax examples can be found in Enterprise Investment Scheme (EIS) – The Tax Reliefs Condensed
• Seed enterprise investment scheme
• [20/03/2012] The Seed Enterprise Investment Scheme (SEIS) is to be introduced into UK tax provisions from 6 April 2012 to encourage investment in small businesses.
• Saying Goodbye to ESC C16
• [13/03/2012] From 1 March statutory instrument 2012 number 266 The enactment of extra-statutory concessions order 2012 comes into force. On the same date extra statutory concession (ESC) C16 is effectively withdrawn.
• Tax implications on disposal of shares by a shareholder
• [29/06/2012] How can a shareholder minimise the tax paid when disposing of shares?
• EIS/SEIS - Advance Assurance Application
• [25/06/2012] Detials on obtaining advance qualification assurance for investments under the EIS and SEIS schemes.
• Enterprise Investment Scheme - The Tax Reliefs Condensed
• [03/04/2012] EIS is an important investment incentives. The tax reliefs are highlighted here while the business rules can be found in Enterprise Investment Scheme (EIS) –The Rules Condensed.
• HMRC Toolkits
• [26/04/2012] HMRC Toolkits focus on areas which cause difficulty in practice and offer protection against penalties.
• Small Business Tax Dispute Service
• [16/04/2012] HMRC extend its Alternative Dispute Resolution (ADR) Scheme, following a successful initial trial period.
• HMRC's Litigation and Settlement Strategy (LSS)
• [16 March 2012] Details of HMRC's litigation and settlement strategy (LSS), which is their internal guidance to staff on dealing woth tax disputes.
• Rupert Kimber v HMRC 2012] UKFTT 107 (TC) (08 February 2012)
• Resumption of UK residence in the UK; Capital gains tax - whether the Appellant was resident in the UK when a particular disposal of shares was made

2011

• Enterprise investment scheme (EIS)
• [16/11/11] Comprehensive Guidance on the EIS Scheme
• Extra Statutory Concession C16
• [31/12/2011] A look at ESC C16 as things currently stand, together with a look at the new proposals.
• Seed Enterprise Investment Scheme (SEIS)
• [31/12/2011] The government have included proposals for the new Seed Enterprise Investment Scheme (SEIS) in the draft Finance Bill 2012.
• HMRC Clearances and Approvals
• [01/12/2011] Details of business and non-business clearance procedures.
• Entrepreneurs' Relief
• [15/11/11] Entrepreneurs' Relief lifetime limits, plus some practical tips.
• Furnished Holiday Lettings Changes from April 2011 and 2012
• [14/11/2011] A review of the FHL regime together with details of changes from April 2011 and April 2012
• Incorporation
• [4/11/2011] A look at some of the taxation aspects of Incorporation.
• Capital Gains Tax from 2010/11
• [16/11/2011] A summary of the capital gains tax rates applicable for 2010/11 and 2011/12 with some practical tips.
• Bona Vacantia guidelines withdrawn
• [20/10/2011] Ensure you are familiar with the latest practices on how to distribute companies on winding up.
• Substantial shareholdings
• [06/10/11] Guidance on defining groups and trading groups.
• Penalties - Offshore Income and Gains
• [25/05/11] HMRC Brief 14/11 explains the higher level of penalties in respect of undeclared offshore income and gains.
• Double tax agreements
• [20/01/11] The UK has a number of double tax agreements (also known as double tax treaties) with many states.

2010

• Emergency Budget 2010
• The New Penalty Regime and Reasonable Care
• [20/01/10] - Guidance on the important concept of reasonable care under the new HMRC compliance regime.
• Changes to time limits for tax claims and assessment
• [18/03/10] - As part of HMRC's new compliance regime, the time limits for making tax claims (e.g. error or mistake claims) and raising assessments have been aligned IT, CGT, CT, VAT, PAYE and NIC.

2009

• The new compliance regime
• [24/09/09] - Penalties, record-keeping, compliance checks and HMRC Powers Taxpayer safeguards
• New penalties and appeals regime
• [24/09/09] - A collection of resources from ACCA UK looking at the new penalties and appeals regime.
• Tax: Why it Pays to be Organised
• [01/01/2009] - A new system of penalties for errors and omissions on tax returns has been introduced by HM Revenue & Customs (HMRC). Although the penalties themselves won’t be levied until after 1 April 2009, you need to act now to help your clients get organised and avoid a potential penalty.
• Non-domiciled individuals
• [22/01/09] - HMRC have published new guidance for non-domiciled individuals.
• Non-resident trustees
• [22/01/09] - Non-resident trustees - Capital Gains Tax rebasing election.

2008

• Capital Gains Tax - Entrepreneurs' Relief
• [16/04/08] - The link between 'entrepreneurs' relief' and the former 'retirement relief' is reinforced by a similar restriction applied to both.
• Capital Gains Tax and Partnerships
• [26/03/08] - treatment of partnerships in relation to capital gains tax has changed.
• CGT Reform - Guidance from ACCA (PDF)
• [01/01/08] - Following the Chancellor’s statement in the October Budget, ACCA issued detailed guidance showing how proposed reforms to Capital Gains Tax could affect you. It includes working examples.